SBA lending by state
SBA Lending in West Virginia
In West Virginia, SBA lenders funded 2,733 7(a) and 504 loans since FY2010, totaling $888.7M, an average of $325K per loan. The most active lender is The Huntington National Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in West Virginia
Ranked by SBA loans funded in West Virginia since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its West Virginia loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in West Virginia shows “not reported,” never 0%.
See the full West Virginia ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 1,056 | $193.0M | $183K | 1.99% |
| 2 | Clear Mountain Bank, Inc. | 156 | $30.6M | $196K | 2.56% |
| 3 | MVB Bank, Inc. | 152 | $44.2M | $291K | 0.66% |
| 4 | Truist Bank | 152 | $27.7M | $182K | 1.32% |
| 5 | Peoples Bank | 84 | $24.9M | $297K | 1.19% |
| 6 | Community Trust Bank, Inc. | 82 | $28.1M | $343K | 3.66% |
| 7 | JPMorgan Chase Bank, National Association | 80 | $15.4M | $193K | 8.75% |
| 8 | Citizens Bank of West Virginia, Inc | 72 | $16.5M | $229K | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 60 | $6.3M | $104K | 5.00% |
| 10 | Live Oak Banking Company | 46 | $51.5M | $1.1M | 6.52% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in West Virginia
An SBA 504 project in West Virginia pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in West Virginia, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Regional Development Funding Corporation | 37 | $32.0M |
| Business Finance Group, Inc. | 21 | $12.5M |
| Community Capital Development Corporation | 1 | $602K |
| Rappahannock Economic Development Corporation | 1 | $456K |
| 504 Capital Corporation | 1 | $408K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in West Virginia
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 392 | $256.0M |
| Other Services | 318 | $99.3M |
| Retail Trade | 356 | $87.9M |
| Manufacturing | 153 | $78.6M |
| Health Care and Social Assistance | 301 | $74.7M |
| Professional and Technical Services | 203 | $69.6M |
| Construction | 324 | $60.0M |
| Wholesale Trade | 74 | $27.9M |
Top cities for SBA loans in West Virginia
Where SBA 7(a) and 504 borrowers in West Virginia are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Morgantown | 317 | $89.8M |
| Charleston | 205 | $74.8M |
| Huntington | 136 | $42.6M |
| Martinsburg | 65 | $40.2M |
| Fairmont | 93 | $29.4M |
| Bridgeport | 68 | $28.9M |
| Beckley | 49 | $19.8M |
| Wheeling | 73 | $18.5M |
SBA lending by metro area in West Virginia
Which lenders fund each West Virginia market, with local loan sizes and industries.
- SBA lenders in Washington, DC 15,604 loans
- SBA lenders in Hagerstown, MD 451 loans
- SBA lenders in Huntington, WV 531 loans
- SBA lenders in Winchester, VA 239 loans
- SBA lenders in Charleston, WV 359 loans
- SBA lenders in Morgantown, WV 394 loans
- SBA lenders in Wheeling, WV 303 loans
- SBA lenders in Clarksburg, WV 229 loans
- SBA lenders in Weirton, WV 299 loans
- SBA lenders in Parkersburg, WV 121 loans
- SBA lenders in Cumberland, MD 178 loans
- SBA lenders in Beckley, WV 114 loans
- SBA lenders in Fairmont, WV 128 loans
- SBA lenders in Bluefield, WV 61 loans
- SBA lenders in Elkins, WV 107 loans
SBA lending in West Virginia by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 163 | $42.7M |
| 2011 | 187 | $46.7M |
| 2012 | 153 | $50.3M |
| 2013 | 164 | $39.4M |
| 2014 | 142 | $41.8M |
| 2015 | 117 | $34.9M |
| 2016 | 140 | $32.2M |
| 2017 | 146 | $48.4M |
| 2018 | 163 | $45.0M |
| 2019 | 147 | $46.9M |
| 2020 | 181 | $49.7M |
| 2021 | 196 | $90.1M |
| 2022 | 172 | $64.0M |
| 2023 | 161 | $57.5M |
| 2024 | 213 | $90.9M |
| 2025 | 215 | $76.1M |
| 2026 | 73 | $31.9M |
SBA lending in West Virginia: frequently asked questions
How much SBA lending is there in West Virginia?
SBA lenders funded 2,733 7(a) and 504 loans totaling $888.7M in West Virginia in the public SBA data (as of 2026-03-31), an average of $325K per loan.
Who is the most active SBA lender in West Virginia?
The Huntington National Bank is the most active SBA lender in West Virginia in the public data, by loans funded.
What industries get the most SBA loans in West Virginia?
The most-funded industry for SBA loans in West Virginia is Accommodation and Food Services.
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